Oppenheimer Asset Management Inc. purchased a new position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,236 shares of the investment management company’s stock, valued at approximately $743,000.

Several other institutional investors also recently added to or reduced their stakes in GS. BlackRock Inc. raised its position in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. raised its position in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock worth $5,460,072,000 after buying an additional 1,001,162 shares in the last quarter. FMR LLC raised its position in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares in the last quarter. Geode Capital Management LLC raised its position in Goldman Sachs Group, Inc. (The) by 8.4% in the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock worth $858,692,000 after buying an additional 289,159 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Goldman Sachs Group, Inc. (The) by 0.9% in the first quarter. Wellington Management Group LLP now owns 3,585,864 shares of the investment management company’s stock worth $823,745,000 after buying an additional 32,418 shares in the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down 0.60% on Friday, hitting $224.15. The company had a trading volume of 2,956,601 shares. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The stock has a market cap of $87.02 billion, a PE ratio of 11.75 and a beta of 1.42. The company has a 50-day moving average of $225.05 and a 200 day moving average of $229.72.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same period in the prior year, the business earned $3.72 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.34%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 18th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the investment management company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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GS has been the topic of a number of research reports. Royal Bank Of Canada lowered their price target on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, April 18th. Credit Suisse Group reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, June 12th. Rafferty Capital Markets lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $288.00 to $221.00 in a report on Tuesday, April 18th. Finally, Vetr lowered Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price target on the stock. in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $235.44.

In related news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the sale, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,535 shares of company stock valued at $5,956,868. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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